The valuation of Manchester United in the New York Stock Exchange has reduced by a mammoth £320 million. The Initial Public Offer of United on the New York Stock Exchange was made in the year 2012.
It seems that the recent issues that the club is facing has severely affected the valuation of the club on the exchange. LVG has struggled to keep the promise shown the club last season and the team has produced dire results, especially since the month of December, when the club dropped from the top four places.
At the start of this campaign, the stock price of the club was around $18.37 but the current stock price after the recent victory against Derby County is $15.67. On the basis of the calculation of the total number of shares that are involved in the company, it can be stated that the valuation has decreased from £2.15 billion to around £1.8 billion.
It has been often stated that another season out of the Champions league for United would seriously affect the stature of the club.
Hence, if the valuation has decreased by such an extent in the space of six months, LVG would certainly be under enormous pressure to keep the club in next season's Champions league at least.
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| The valuation has decreased from £2.15 billion to around £1.8 billion. |
At the start of this campaign, the stock price of the club was around $18.37 but the current stock price after the recent victory against Derby County is $15.67. On the basis of the calculation of the total number of shares that are involved in the company, it can be stated that the valuation has decreased from £2.15 billion to around £1.8 billion.
It has been often stated that another season out of the Champions league for United would seriously affect the stature of the club.
Hence, if the valuation has decreased by such an extent in the space of six months, LVG would certainly be under enormous pressure to keep the club in next season's Champions league at least.
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